11.1 Zhang Lihui: What to do if long positions are trapped? Where will the shorts go today? Where are the entry opportunities for long positions? Latest Bitcoin (BTC) market analysis reference! #市场关注美国非农数据 #美国大选比特币价格预测 #BTC☀ #btc70k

Yesterday, Bitcoin experienced a prolonged fluctuation in the 1-hour Bollinger Bands channel, and after breaking out of the fluctuation in the evening, it rapidly slid down to the current position below EMA160 at EMA30. The current Bollinger Bands are still maintaining a downward opening, with the lower band close to the EMA260 position. Those holding short positions need not rush to exit, as there is still space below! There is strong volume below the zero axis, and the fast and slow lines continue to diverge downwards;

Currently, the Bollinger Bands on the 4-hour chart are opening up. Although the market is in a downtrend, the upper band has not turned downwards. The current k-line is moving alongside the lower band, intending to approach the EMA60-80 position. Therefore, the long position entry can also refer to this position for testing, as this position is also the crossover support point of MA60 and MA80. For the upper pressure points, it’s sufficient to consider the mid-band and the MA15 range; in MACD, there is strong volume below the zero axis, and the fast and slow lines have a severe dead cross diverging downwards, so it is advisable not to enter casually until the trend correction is complete;

On the daily level, the Bollinger Bands are opening upwards, and the market is not as terrifying as everyone says. When it rises, they shout 'bull', and when it falls, they shout 'bear'. Therefore, for the current k-line, it is sufficient to consider the support of the mid-band and the MA15 range below. Although the fast and slow lines are converging, Lihui believes that there will still be a rebound near the slow line, so everyone should not be anxious. Currently, all EMA moving averages are still showing a bullish trend;

Based on the above indicators, Lihui believes that the target for short positions can be seen around the 69000 position below, and continue to enter with light long positions on dips; Why go long? Try not to chase low shorts before the election; I hope a wave of long positions will not get you too excited! Therefore, the specific operation of short positions should be based on real-time strategy notifications!

Beijing time November 1 at 5:11 AM edited: It is recommended to lightly long on dips in the 68800-69300 range, leaving a reserve in the 66700-67000 range for replenishing positions, with a stop loss of 500 points; the target is 70400-70900-71500, and if it breaks above the 71600-72000 range, it can be held to around 73000.